Spicy from Garry Tan re: SF vs the world…

Full interview (We start talking local politics around 11:20) youtu.be/ne8RqrEYn-k?si…

Jim Simons, the mathematician-investor who created what many in finance consider the world’s greatest moneymaking machine at his secretive firm, Renaissance Technologies, has died. He was 86 trib.al/qGW3ofG

One (of many) reasons Jim Simons was reluctant to speak w/me was he hoped to write his own book someday. Sad it never came to fruition but he leaves such a rich legacy.
As a reporter you’re not supposed to admire your subjects. But Jim was truly a unique and impressive guy #GOAT

“We’re in the playoff season now,” says AB’s Director of High Yield Will Smith who joined Bloomberg TV Real Yield with Sonali Basak today to discuss this week's news within the global #creditmarkets , spreads, and #investorbehavior . Watch him here: bloomberg.com/news/videos/20…

Appearing on Bloomberg's Real Yield with Sonali Basak at noon eastern today

Part of the boom in private credit came when a 'higher-for-longer' shock in 2022 saddled bank balance sheets and forced them to retreat from competing with private credit.

The 2024 higher-for-longer shock may do the reverse.

FDIC report finds deeply troubling patterns of misconduct, 'a patriarchal, insular, and risk-averse culture...that allowed...misconduct to occur and persist,' and 'widespread fear of retaliation' that contributed to 'an underreporting of workplace misconduct over the years.' Eek!

Time to focus on building and adoption Bloomberg Crypto Sonali Basak ❤️🙏

i went on Bloomberg earlier today to talk with my friends Sonali Basak and Tim Stenovec about #bitcoin , regulation, politics, and ETF flows — always love going on bloomberg tv!

Favorite headline from Milken so far from Carlyle's CEO Harvey Schwartz

*SCHWARTZ SAYS OF CITI CEO FRASER: `I DON'T WANT JANE'S CLIENTS'

The FT (that’s me and my excellent colleagues Eva Xiao + Patrick Mathurin) spent months on this series, which sought to unpack who the next generation of leaders at Berkshire were and how they were performing

'Just another day in crypto.'

Coinbase CFO Alesia Haas defended the crypto exchange’s rising expenses and the volatility of the digital asset industry after the company’s stock fell despite reporting better-than-expected first quarter results trib.al/JncFrRx

DraftKings CEO Jason Robins sees potential upside following its sales forecast on consumer growth.

Watch the full interview here: trib.al/8EQLm0X

Pimco Chief US Economist Tiffany Wilding says the Federal Reserve is a long way from hiking interest rates trib.al/MTdRKzW

TCW Fixed Income CIO Bryan Whalen thinks at some point this year there's going to be a 'reckoning in the credit markets' trib.al/y4SeJKI

The April jobs report won't change much for the Fed because

• There's another one before their next meeting
• They're more focused on inflation data
• It's doesn't show 'unexpected' weakness

But it will certainly help ease fears about reacceleration/overheating

this week's @bw is our tech issue and its an absolute murderer's row of awesome stuff

Great convo here with Josh zegen of Madison Realty Capital on #commercialrealestate credit.

'We're in the early innings' of a #CRE correction #Credit

Sonali Basak

My work husband is cooler than your work husband.

Michael McKee in with the Goolsbee exclusive after that big, soft jobs print.

Nice EPS beat for Coinbase Q1 earnings

$4.40 - higher than street estimate of $1.05

Total rev came in at $1.6bn

Institutional trading revenue increased 133% QoQ